Saia, Inc. (NASDAQ:SAIA) Receives Consensus Recommendation of “Hold” from Analysts

Saia, Inc. (NASDAQ:SAIA) has been given a consensus recommendation of “Hold” by the twenty-three ratings firms that are covering the firm, MarketBeat.com reports. Thirteen analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $345.35.

SAIA has been the topic of several recent research reports. Susquehanna raised their price target on Saia from $350.00 to $390.00 and gave the stock a “positive” rating in a research report on Monday, January 5th. Redburn Partners set a $262.00 price objective on Saia in a research note on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of Saia in a report on Monday, December 29th. TD Cowen reaffirmed a “hold” rating on shares of Saia in a research note on Friday, January 9th. Finally, Rothschild & Co Redburn initiated coverage on shares of Saia in a report on Wednesday, November 26th. They set a “neutral” rating and a $262.00 price target for the company.

Saia Stock Down 2.0%

SAIA opened at $334.87 on Monday. The firm has a market capitalization of $8.92 billion, a P/E ratio of 31.62 and a beta of 2.09. Saia has a one year low of $229.12 and a one year high of $538.03. The company has a fifty day moving average price of $334.60 and a 200-day moving average price of $310.37. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 1.68.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.53 by $0.28. Saia had a return on equity of 11.32% and a net margin of 8.77%.The company had revenue of $839.64 million during the quarter, compared to analyst estimates of $824.06 million. During the same quarter in the previous year, the firm earned $3.46 earnings per share. Saia’s revenue was down .3% on a year-over-year basis. Equities research analysts expect that Saia will post 15.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Raymond R. Ramu sold 1,000 shares of Saia stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total transaction of $266,570.00. Following the sale, the vice president owned 4,902 shares of the company’s stock, valued at approximately $1,306,726.14. The trade was a 16.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donna E. Epps purchased 422 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average cost of $277.60 per share, with a total value of $117,147.20. Following the completion of the purchase, the director owned 1,852 shares of the company’s stock, valued at $514,115.20. This represents a 29.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SAIA. AQR Capital Management LLC increased its holdings in shares of Saia by 52.4% during the first quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock valued at $622,000 after acquiring an additional 612 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Saia by 334.3% during the 1st quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock valued at $305,000 after purchasing an additional 672 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Saia during the 2nd quarter valued at about $260,000. Janney Montgomery Scott LLC raised its holdings in Saia by 31.7% in the second quarter. Janney Montgomery Scott LLC now owns 17,823 shares of the transportation company’s stock worth $4,883,000 after buying an additional 4,292 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in shares of Saia by 97.8% in the second quarter. Truist Financial Corp now owns 36,330 shares of the transportation company’s stock worth $9,954,000 after buying an additional 17,960 shares in the last quarter.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.